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Living annuities vs guaranteed life annuities: what is the difference?
At retirement, you’ll be faced with one of the most important decisions of your life, and it’s likely that you’ll have to have to choose between a living annuity and a guaranteed life annuity. Regardless of other investments you hold, if you belong to a retirement...
Accessing retirement fund withdrawal benefits on emigration – changes effective 01 March 2021
The Taxation Laws Amendment Act 23 of 2020 (TLAA 2020) was passed into our law books on 20 January 2021. In doing so, changes were introduced that effectively reset the opportunity in our tax law that allowed South African tax residents to access their retirement fund...
Can I Cash in My Retirement Annuity Early in South Africa?
If you have been doing some research into how emigration impacts on retirement annuities in South Africa, you will probably have stumbled across the fact that most South Africans end up cashing in their retirement annuity (RA) when leaving the country. Most people...